On Fri, July 18, 2008 17:10, Ray Shahan wrote:[color=blue]
>
>
> "An American President once said, perhaps more wisely than he knew,[/color]
that[color=blue]
> the only thing we need fear, is fear itself."
>
> I think Winston Churchill, an Englishman, said that...in England.
> Nonetheless, the quote still serves its purpose in you reply. 8-)[/color]

" ... This great Nation will endure as it has endured, will revive and
will prosper. So, first of all, let me assert my firm belief that the
only
thing we have to fear is fear itself - nameless, unreasoning,
unjustified
terror which paralyzes needed efforts to convert retreat into advance.
In
every dark hour of our national life a leadership of frankness and vigor
has met with that understanding and support of the people themselves
which
is essential to victory. I am convinced that you will again give that
support to leadership in these critical days."

I have done some further research and it seems that the congressional
moratorium on offshore drilling off the coast of California expires this
September 30th. Also, because the oil platforms are already there on site,
it would seem that oil could flow from there within a year. This could have
a major near-term effect on oil prices.

Let's see what happens in Congress over the next 2 months. BTW, this is the
lowest rated congress, ever. I think that's a fitting accomplishment for
Ms. Pelosi and before she calls somebody a failure, she had better look in a
mirror, this way she doesn't have far to look for failure.

On Fri, July 18, 2008 17:10, Ray Shahan wrote:[color=blue]
>
>
> "An American President once said, perhaps more wisely than he knew,[/color]
that[color=blue]
> the only thing we need fear, is fear itself."
>
> I think Winston Churchill, an Englishman, said that...in England.
> Nonetheless, the quote still serves its purpose in you reply. 8-)[/color]

" ... This great Nation will endure as it has endured, will revive and
will prosper. So, first of all, let me assert my firm belief that the
only
thing we have to fear is fear itself - nameless, unreasoning,
unjustified
terror which paralyzes needed efforts to convert retreat into advance.
In
every dark hour of our national life a leadership of frankness and vigor
has met with that understanding and support of the people themselves
which
is essential to victory. I am convinced that you will again give that
support to leadership in these critical days."

On Tue, Jul 22, 2008 at 7:28 AM, Denys Beauchemin <denysb@comcast.net> wrote:[color=blue]
> I have done some further research and it seems that the congressional
> moratorium on offshore drilling off the coast of California expires this
> September 30th. Also, because the oil platforms are already there on site,
> it would seem that oil could flow from there within a year. This could have
> a major near-term effect on oil prices.[/color]

How much production are people thinking would come out of that patch
in the near future? Surely it can't be more than 1-2% of world
production. I don't think you'll see anybody in the oil pricing
business react to something so minor.
[color=blue]
>--[/color]
"If hard work were such a wonderful thing, you'd think rich people
would have kept it all for themselves" - Lane Kirkland